{"id":2178,"date":"2016-02-15T14:04:48","date_gmt":"2016-02-15T08:34:48","guid":{"rendered":"http:\/\/carajput.com\/blog\/?p=2178"},"modified":"2021-12-18T12:40:27","modified_gmt":"2021-12-18T07:10:27","slug":"corporate-and-professional-update-february-12-2016","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/corporate-and-professional-update-february-12-2016\/","title":{"rendered":"CORPORATE AND PROFESSIONAL UPDATE FEBRUARY 12 , 2016"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69ea5d1f353d6\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69ea5d1f353d6\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-february-12-2016\/#CORPORATE_AND_PROFESSIONAL_UPDATE_FEBRUARY_12_2016\" title=\"CORPORATE AND PROFESSIONAL UPDATE FEBRUARY 12, 2016\">CORPORATE AND PROFESSIONAL UPDATE FEBRUARY 12, 2016<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-february-12-2016\/#Omission_to_produce_an_auditors_certificate_for_claiming_a_deduction_is_a_mistake_rectifiable_under_sec_154\" title=\"Omission to produce an auditor&#8217;s certificate for claiming a deduction is a mistake rectifiable under sec. 154\">Omission to produce an auditor&#8217;s certificate for claiming a deduction is a mistake rectifiable under sec. 154<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/corporate-and-professional-update-february-12-2016\/#FACTS\" title=\"FACTS\u00a0\">FACTS\u00a0<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h3 style=\"text-align: justify;\"><\/h3>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/11\/Untitled22-1.png\" rel=\"attachment wp-att-1729\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-1729\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/11\/Untitled22-1-300x108.png\" alt=\"Untitled22\" width=\"758\" height=\"273\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/11\/Untitled22-1-300x108.png 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/11\/Untitled22-1-768x276.png 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/11\/Untitled22-1.png 776w\" sizes=\"(max-width: 758px) 100vw, 758px\" \/><\/a><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"CORPORATE_AND_PROFESSIONAL_UPDATE_FEBRUARY_12_2016\"><\/span><span style=\"color: #000080;\">CORPORATE AND PROFESSIONAL UPDATE FEBRUARY 12, 2016<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Omission_to_produce_an_auditors_certificate_for_claiming_a_deduction_is_a_mistake_rectifiable_under_sec_154\"><\/span><span style=\"color: #ff6600;\"><strong>Omission to produce an auditor&#8217;s certificate for claiming a deduction is a mistake rectifiable under sec. 154<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">HIGH COURT OF MADRAS -Craftsman Automation (P.) Ltd.\u00a0<em>v.<\/em>Commissioner of Income-tax, Coimbatore, [2016] 66 Taxmann .com\u00a0\u00a037 (Madras)<\/p>\n<p style=\"text-align: justify;\">Section 80HHC, read with section 154, of the <a href=\"https:\/\/www.caindelhiindia.com\/blog\/implication-of-cash-transaction-under-income-tax-act\/\">Income-tax Act<\/a><a href=\"https:\/\/carajput.com\/services-tax-registration.php\">, 1961<\/a> \u2013 Deductions to &#8211; Exporters -Rectification of mistake &#8211; The assessment year 1997-98<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"FACTS\"><\/span><span style=\"color: #ff6600;\"><span style=\"color: #00ccff;\"><strong>FACTS<\/strong><\/span>\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">The return of income filed by the assessee was processed under section 143(1)(a) and as the assessee had not produced the auditor&#8217;s certificate, its claim under section 80HHC was disallowed by the Assessing Officer. The assessee filed a petition under section 154 enclosing the auditor&#8217;s certificate.<\/p>\n<p style=\"text-align: justify;\">The revision was allowed by the Assessing Officer holding the non-production of the certificate to be a technical mistake in nature.<\/p>\n<p style=\"text-align: justify;\">The Commissioner, by an order under section 263, set aside the order of the Assessing Officer holding that Assessing Officer was wrong in invoking provisions of section 154 to a case where there was no mistake apparent from the records.<\/p>\n<p style=\"text-align: justify;\">On appeal, the Tribunal upheld the order of the Commissioner.<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #00ccff;\"><strong>HELD<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">A careful look at sub-sections (1) and (2) of section 154 would show that the original authority is conferred with two types of powers to make an amendment. The first type of power is to make an amendment\u00a0<em>suo motu.<\/em>The second type of power is to order an amendment whenever any mistake is brought to his notice either by the assessee or by the deductor or by the collector.<\/p>\n<p style=\"text-align: justify;\">The types of mistakes that could be rectified under section 154 are also twofold. While sub-section (1) uses the expression &#8216;any mistake apparent from the records&#8217;, sub-section (2) uses the expression &#8216;rectifying any such mistake which has been brought to its notice&#8217;.<\/p>\n<p style=\"text-align: justify;\">In other words, the type of mistake that sub-section (1) deals with is different from the type of mistake that clause (b) of sub-section (2) deals with. While sub-section (1) deals with a mistake apparent from the record, clause (b) of sub-section (2) deals with a mistake that is brought to the notice of the Assessing Officer by the assessee. The word &#8216;such&#8217; used in clause (b) of sub-section (2) is actually not in <em>ejusdem generis<\/em>\u00a0with sub-section (1), but it goes along with what follows in clause (b) itself, namely, &#8216;mistake which has been brought to its notice&#8217;.<\/p>\n<p style=\"text-align: justify;\">Therefore, the thinking in the mind of the Commissioner as well as the Tribunal that section 154 is available only to correct a mistake apparent from the record, may not be in tune with the scheme of sub-section (2) of section 154.<\/p>\n<p style=\"text-align: justify;\">The next question is as to what could be construed as a mistake so as to fall within either sub-section (1) or sub-section (2) of section 154. According to the Assessing Officer, the mistake was on the part of the assessee in not filing an auditor&#8217;s certificate at the time of filing the return.<\/p>\n<p style=\"text-align: justify;\">But, according to the assessee, in his reply to the notice under section 263, the mistake was on the part of the Assessing Officer in not giving an opportunity under section 139(9).<\/p>\n<p style=\"text-align: justify;\">Mistakes can be of several kinds. An omission to produce the record is as much a mistake as an omission to take note of a record. Therefore, the Tribunal as well as the Commissioner were wrong in presuming that the case would not fall under section 154<strong>.<\/strong><\/p>\n<p style=\"text-align: justify;\">The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances; Hope the information will assist you in your Professional\u00a0endeavors. For query or help, contact:\u00a0<a href=\"mailto:singh@carajput.com\">singh@carajput.com<\/a>\u00a0or call at 9555555480<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CORPORATE AND PROFESSIONAL UPDATE FEBRUARY 12, 2016 Omission to produce an auditor&#8217;s certificate for claiming a deduction is a mistake rectifiable under sec. 154 HIGH COURT OF MADRAS -Craftsman Automation (P.) Ltd.\u00a0v.Commissioner of Income-tax, Coimbatore, [2016] 66 Taxmann .com\u00a0\u00a037 (Madras) Section 80HHC, read with section 154, of the Income-tax Act, 1961 \u2013 Deductions to &#8211; &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[150,9],"tags":[5,4102],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/2178"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=2178"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/2178\/revisions"}],"predecessor-version":[{"id":20150,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/2178\/revisions\/20150"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=2178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=2178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=2178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}